Licinvest

LIC's Jeevan Lakshya is a participating non-linked plan which offers a combination of protection and savings. The plan provides for Annual Income benefit to the members in their old age after attainment of maturity age. The Annuity is paid for life, thus ensuring that senior citizens have a guaranteed source of income to carry on with their daily expenses.

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The LIC Limited Premium Endowment Plan is an innovative new offering that offers guaranteed sum assured on maturity or the Basic Sum Assured, whichever is higher. The investment objective of the plan is to bring absolute sum assured to be paid on death, i.e., 125% of Basic Sum Assured. Subject to a minimum of 105% of the total premiums paid as on date of death, this product also enjoys 10 times of annualized premium.

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At LIC, we understand that in today's consumer, product knowledge is not enough. You need to compare different products with your current balance sheet and future position. With the LIC JeevanLabh policy you get an upfront lump sum of on maturity which can be used to purchase any financial asset. This makes LIC JeevanLabh ideal for savings purposes, wealth accumulation, for acting as a credit card or to run your business.

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